Video Transcript:
Locking your rate seems smart, but bad timing is a very expensive mistake. Floating the rate, hoping it drops, is a gamble that rarely pays. I structure these deals myself personally. I’m David Ghazaryan, and I make sure your timeline aligns with lender systems and market facts to remove surprises. A tiny rate increase seems small. But on a typical home loan, it means over twenty-seven thousand dollars in extra payments. (Data may vary over time). We use the closing date to set the lock. For a 30-day closing, I always secure a 45-day lock. This built-in buffer prevents expensive extension fees. An expired lock creates total system failure. You could be forced into a much higher rate, or the entire home loan can just collapse before closing. Control comes from building the right structure. The full analysis is in the article I wrote. You can see more on my platforms; find links below.
Read Blog Here: https://www.iqratemortgages.com/blog/when-should-i-lock-my-mortgage-rate-in-dallas-texas
